Small businesses are one of the main building blocks of the Indian economy. The contribution of the MSME sector’s GDA (Gross Value Added) to India’s GDP (Gross Domestic Product) in FY 21-22 was 29.15%. These numbers show the importance of the MSME sector in India. Many of the MSMEs do not use a customized small business software that actually caters to their complex needs.
Small Business Enterprise
Nitin Mohanka the founder of Nantech Solutions has experience in running small businesses. His hands-on experience let him understand the challenges of running and managing small firms and enterprises.
Challenges
Grocery trading business has some unique challenges. The sale and the delivery of the product happens at different times. Partial delivery is also a headache for the owner to track. Lack of transparency between the item ordered and the item delivered to a party.
The business can suffer due to a lack of process monitoring and other irregularities.
One more challenge found in small enterprises is the lack of digital infrastructure required to run an enterprise. Lot of MSME owners have a myth that small business software are either costly or it is difficult to adapt to digital operations.
A particularly forward looking MSME owner sought Nitin’s help in digitizing his firm’s day to day operations. The owner wanted to reduce paper usage. He also wanted all his financial and accounting records organized in a safe way in one single place.
Nantech’s first major project was building a digital ecosystem for a firm that previously had limited exposure to digital solutions. Nantech developed a customized software solution for the firm that would eliminate a lot of paperwork.
The software’s user-friendliness helped the users to adapt to the software quickly. The efficiency and transparency in day to day operations helped the owners in a lot of different ways.
Features of Small Business Software:
The standout features of this software are:
- Doesn’t require an active data connection
- Ideal for a standalone business
- User friendly software
- Honest pricing
- After sales support/training provided extensively
- Exhaustive features/modules to cover all aspects of a trading business
- Operations are independent of each other
- Smart inventory management
Outcome of utilizing the small business software:
The efficiency of the software has helped the users explore ways to expand their business. The software eliminated irregularities observed earlier in deliveries. The software provided end to end visibility right from product receipt to product delivery. The owners could match the product mentioned in the sale receipt to the product dispatched.
The efficient management of partial deliveries helped the owners track pending deliveries and complete them on time. Smart inventory management helps in maintaining safety stock levels and aids in placing orders to mills or suppliers in advance.
The software has become a solution of choice for many MSMEs who want to digitize their operations in an economical way.
Nantech Solutions has a wide range of products and solutions that cater to organizations of all sizes. You can check our products and services here.